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Government

Federal shutdown creates surge in applications for payroll lender

However, the ongoing shutdown of the federal government has caused the company’s daily incoming requests to skyrocket. Stephen Halasnik, managing partner at Payroll Financing, said today his company now receives hundreds of requests per day from small firms with government business. “The requests have been escalating to where we are seeing double or triple the ...

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ELEC report finds independent spending on state campaigns at all-time high

Jeff Brindle, ELEC executive director, said in today’s report that not counting any money spent on ballot questions, $21 million has been independently spent in state campaigns. That’s roughly one-third higher than the previous record of $14.1 million in 2009, when the bulk of independent spending fell onto that year’s gubernatorial election. The fight over ...

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Amtrak announces record annual ridership despite Sandy devastation

The operator carried 31.6 million passengers in the year ending in September, Amtrak said in an announcement. More than one-third of those passengers came from its Northeast Corridor services, totaling 11.4 million and marking the second strongest year ever for the region. With its 10th ridership record in 11 years, Amtrak’s usage is growing despite ...

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Berger gets 50M contract to assist USACE disaster response support

According to the announcement, Pittsburgh is the lead USACE district for mobilization and execution of all emergency power missions tasked by FEMA to support U.S. states and territories after disasters. Louis Berger will support the USACE prior to, during and following federally declared emergencies in FEMA regions I, II, and III, which includes the states ...

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EDA approves incentives for EarthCam, McGraw-Hill in effort to keep companies in N.J.

This week the New Jersey Economic Development Authority took steps to try and prevent two companies from relocating operations to New York by approving incentive grants for Hackensack-based EarthCam Inc. and McGraw-Hill Global Education Holdings Inc.“The projects approved today by the Board reflect the breadth and depth of economic activity happening in our state,” authority ...

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Citing study, Assemblyman stresses full disclosure for public companies’ political contributions

On Tuesday, Ciattarelli cited the recently released 2013 CPA-Zicklin Index of Corporate Political Accountability and Disclosure, which found an increase in the number of leading U.S. companies that have expanded practices of political spending disclosure and accountability. The study, which sampled the top 200 companies listed in the S&P 500 index, also concluded that while ...

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Christie, Buono challenge economic records in first debate

In the hour-long debate held at William Paterson University in Wayne and televised on CBS in both the New York and Philadelphia markets, Christie evaluated his administration’s performance in contrast to that of former Democratic Gov. Jon Corzine, saying that when he took office in 2009, the state’s economic prospects seemed bleak. “We have dug ...

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South Jersey office market has surprising surge

The company, Voorhees-based Wolf Commercial Real Estate, found vacancy in the region fell to 17 percent, down about two percentage points from the second quarter. The decline was driven by nearly 443,200 square feet of leasing activity in a 17.5 million-square-foot market that includes Burlington, Camden and Gloucester counties.The third-quarter leasing volume is up nearly ...

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Developers eager to see next steps for COAH

“This win … might need some additional work,” said McGuinness, CEO of the development group NAIOP’s New Jersey chapter. The case centered largely on COAH guidelines that say a municipality accrues its affordable housing obligation as a percentage of the residential building and job growth that occurs within its borders. Under that so-called growth share ...

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